Companies avoid paying about US$4 billion in overtime wages by inventing dubious titles for U.S. employees. Find out more.
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The practice, often deployed by retail and restaurant companies, takes advantage of the Fair Labor Standards Act , which exempts firms from paying overtime wages if the employee is a manager and gets paid a salary above a certain threshold. From 2010 to 2018, the researchers found a 485 per cent increase in job postings for salaried employees in dodgy managerial roles where duties rarely included any actual management.
Companies continue to dodge overtime pay despite “full knowledge of potential litigation,” said the researchers, professors at Harvard Business School and the University of Texas at Dallas. The study was released by the National Bureau of Economic Research, an organization whose largest funding sources include the Social Security Administration and the Alfred P. Sloan Foundation. NBER says it doesn’t make policy recommendations or carry out advocacy on the basis of research findings.
Wage theft ranks among the top corporate violations after workplace safety infractions, according to the study. Family Dollar, now part of Dollar Tree Inc., had to pay more than US$30 million after a 2006 ruling in Alabama for denying overtime pay to 1,424 store managers, and later faced similar charges in Colorado and New York. But it doesn’t just happen at lower-wage industries. Facebook, now called Meta Platforms Inc., and Goldman Sachs Group Inc.
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